Skipper Ltd.

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skipperlimited.comBSE: 538562NSE: SKIPPER

Market Cap₹ 7,113 Cr.

Current Price

High / Low₹ 617 / 327

Stock P/E31.7

Book Value₹ 162

Price to Book2.52

Dividend Yield0.02 %

ROCE23.2 %

ROE15.9 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Engineering Products: 78.5% • Infrastructure Projects: 12.4% • Polymer Products: 9.1%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 58.8% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 22.8%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 28.6% CAGR over last 5 years
Latest quarter profit grew 25.5% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.42x)

CONS

Receivables are growing faster than sales - a possible quality concern
Total debt has risen sharply - up 31.4% year on year
Though reporting repeated profits, the company pays out little dividend (0.5%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	BHEL	432.00	61.84	150425.14	0.32	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	1005.45	93.18	49717.58	0.59	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3641.75	73.13	43393.75	0.55	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	34123.10	54.75	30170.02	0.32	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	1004.05	70.98	22834.42	0.00	57.14	-19.99	508.47	23.97	21.34	21.40
6.	INOXINDIA	2295.95	81.91	20875.34	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	AZAD	2773.25	128.87	17910.13	0.00	351.60	1094.62	1725.99	1159.00	12.04	37.29
8.	TRITURBINE	561.25	53.05	17842.05	0.76	51.10	-20.65	442.70	19.23	35.95	11.59
9.	TEGA	1721.30	612.04	12931.73	0.12	-1082.52	-3163.59	17234.42	4739.88	8.37	3.27
10.	LLOYDSENGG	80.63	55.91	12506.03	0.31	68.23	-77.28	527.15	142.92	17.99	15.04
11.	KENNAMET	4998.95	93.82	10986.81	0.00	31.50	11.31	267.30	12.55	18.99	17.51
12.	SKIPPER	582.40	31.66	7112.70	0.02	568.14	1155.42	13098.32	944.64	23.18	10.72

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	555	772	802	1,154	1,092	1,110	1,135	1,288	1,254	1,262	1,371	1,667	1,310
	494	699	725	1,045	987	997	1,024	1,164	1,127	1,131	1,229	1,493	1,239
Operating Profit	60	74	77	109	105	112	111	124	127	131	141	173	71
OPM %	10.84%	9.54%	9.61%	9.41%	9.59%	10.13%	9.77%	9.60%	10.14%	10.36%	10.32%	10.40%	5.44%
	1	2	2	3	3	3	4	9	3	-7	2	2	4
Interest	28	35	39	52	51	55	50	56	53	54	56	54	47
Depreciation	12	13	13	14	15	15	17	17	18	19	22	22	22
Profit before Tax	21	28	26	46	42	45	48	59	60	52	65	99	76
Tax %	33.43%	31.60%	32.59%	48.42%	25.27%	25.33%	25.58%	24.98%	25.29%	28.38%	23.32%	23.59%	25.24%
Net Profit	0	0	0	0	32	33	36	48	45	37	53	78	57
	1.52	1.85	1.92	2.37	3.08	3.13	3.35	4.30	4.01	3.28	4.63	6.96	5.03

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,871	1,391	1,582	1,707	1,980	3,282	4,624	5,553	5,609
	1,689	1,251	1,464	1,558	1,800	2,970	4,175	5,002	5,092
Operating Profit	182	140	117	149	181	313	449	551	517
OPM %	9.71%	10.05%	7.42%	8.75%	9.13%	9.52%	9.71%	9.92%	9.21%
	1	2	32	23	18	17	23	22	1
Interest	102	85	74	94	105	155	214	218	211
Depreciation	38	38	45	48	47	53	63	80	84
Profit before Tax	43	18	30	27	50	128	199	281	292
Tax %	27.39%	-127.57%	30.00%	6.46%	28.77%	36.44%	24.82%	24.28%	24.80%
Net Profit	31	41	21	25	36	82	149	213	219
EPS	0.00	0.00	2.09	2.45	3.33	7.76	13.23	18.88	—
Dividend Payout %	8.23%	2.49%	4.79%	4.08%	2.89%	1.29%	0.76%	0.53%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 29%
3 Years:: 41%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 58%
3 Years:: 82%

STOCK PRICE CAGR

10 Years:: 14%
5 Years:: 46%
3 Years:: 38%
1 Year:: 4%

RETURN ON EQUITY

10 Years:: —
5 Years:: 10%
3 Years:: 13%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	10	10	10	11	11	11
	638	677	698	722	757	887	1,182	1,480
	525	461	453	579	592	641	712	972
Trade Payables	351	374	657	626	588	1,221	1,222	1,713
	128	190	102	147	275	386	270	357
Total Liabilities	1,653	1,713	1,919	2,084	2,223	3,145	3,397	4,533
	514	579	657	657	697	749	901	1,167
Capital Work in Progress	8	11	12	14	7	16	133	273
	9	9	10	7	10	17	20	26
	535	492	601	786	913	1,203	1,197	1,059
	0	0	0	0	0	766	701	1,485
Cash & Bank	11	13	26	39	31	135	121	32
	575	609	613	581	564	258	324	492
Total Assets	1,653	1,713	1,919	2,084	2,223	3,145	3,397	4,533

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	162	215	176	18	297	199	153	277
Cash from Investing	-41	-51	-100	-48	-98	-187	-201	-272
Cash from Financing	-93	-163	-81	31	-185	-12	51	-8
	-0	0	0	0	1	-0	4	-3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.48	66.48	66.48	66.48	66.48	66.48	66.48	66.50	66.50
	3.64	4.39	4.82	5.13	5.42	6.55	6.37	6.07	4.11
	0.24	0.24	0.48	0.30	0.25	0.49	0.79	1.66	1.92
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	29.65	28.89	28.22	28.08	27.85	26.48	26.36	25.77	27.47

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-05

Spurt in Volume

2026-09-05 - Significant increase in volume has been observed in Skipper Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Skipper Limited has submitted their response.

2026-09-04

Spurt in Volume

2026-09-04 - Significant increase in volume has been observed in Skipper Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-27

Press Release

2026-08-27 - Skipper Limited has informed the Exchange regarding a press release dated August 27, 2026, titled "Press release on receipt of order".

2026-08-24

Copy of Newspaper Publication

2026-08-24 - Skipper Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-22

Revised Record date

2026-08-22 - Skipper Limited had intimated the 04-Sep-2026 as the record date. The Company has now informed the Exchange that the Record date has been revised to 08-Sep-2026 for the purpose of DI.

2026-08-22

Updates

2026-08-22 - Skipper Limited has informed the Exchange regarding 'INTIMATION OF RECORD DATE'.

2026-08-22

Shareholders meeting

2026-08-22 - Skipper Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 15, 2026

2026-08-22

Updates

2026-08-22 - Skipper Limited has informed the Exchange regarding 'copy of newspaper publication'.

2026-08-22

Updates

2026-08-22 - Skipper Limited has informed the Exchange regarding 'Copy of TDS letter sent to shareholders'.